Car sales in India have seen growth for the fourth month in a row. This major trend has been seen as a reflection of change in sentiments among consumers after the arrival of the new BJP-led government.
The last two years have been a difficult time for the Indian auto industry due to a combination of various factors like fluctuations in global fuel prices, political instability and rise in input costs. However, we must remember that despite so much affecting the industry there have been a slew of launches across various segments.
Industry leader Maruti Suzuki has seen a growth of 26.9 per cent while second placed Hyundai has ridden the wave of success with a growth of 19.2 per cent and 15,300 for the recently launched Elite i20. Honda, which now has three oil-burners in its stable, has seen a growth of 88 per cent and it seems that their fortune will only move up from there.
However, reports suggest that the sentiment wave will hit the shore at some point within the next few months (once the festival season has passed in terms of a logical progression) and then it remains to be seen whether there is an actual change in numbers.
Source:ETAutos
